15 Jun 2022 13:22
15 June 2022
IGas Energy plc (AIM: IGAS)
("IGas" or "the Company")
Result of AGM
IGas announces the result of voting on the resolutions at its AGM held today, Wednesday 15 June 2022, as set out in the AGM notice.
A poll was held on each of the resolutions and was passed by the required majority. Resolutions 1 to 9 were passed as ordinary resolutions, Resolutions 10 to 11 were passed as special resolutions. The results of the poll were as follows:
RESOLUTIONS | VOTESFOR | % | VOTESAGAINST | % | VOTESTOTAL | % of ISC VOTED | VOTESWITHHELD |
1.To receive the Company's annual report and accounts for the financial year ended 31 December 2021 together with the reports of the directors and auditors | 64230615 | 99.98% | 12481 | 0.02% | 64243096 | 51.06% | 6702 |
2. To approve the annual report on remuneration for the year ended 31 December 2021 | 64209652 | 99.95% | 31874 | 0.05% | 64241526 | 51.06% | 8272 |
3. To grant the directors of the Company authority to make certain amendments to the rules of the Company's share incentive plans | 64192729 | 99.92% | 52004 | 0.08% | 64244733 | 51.06% | 5065 |
4. To re-elect Mr Philip Jackson as a Director | 64141916 | 99.97% | 17995 | 0.03% | 64159911 | 51.00% | 89887 |
5. To re-elect Mr Tushar Kumar as a Director | 64125758 | 99.95% | 34120 | 0.05% | 64159878 | 51.00% | 89920 |
6. To re-elect Mr Christopher Hopkinson as a Director | 64219612 | 99.97% | 21695 | 0.03% | 64241307 | 51.06% | 8491 |
7. To re-elect Ms Katherine Coppinger as a Director | 64212642 | 99.96% | 28015 | 0.04% | 64240657 | 51.06% | 9141 |
8. To re-appoint PricewaterhouseCoopers as auditors and to authorise the directors to fix the remuneration | 64216636 | 99.96% | 25885 | 0.04% | 64242521 | 51.06% | 7277 |
9. To authorise the board to allot shares | 64210639 | 99.95% | 31522 | 0.05% | 64242161 | 51.06% | 7637 |
10. To disapply statutory pre-emption rights | 61300055 | 95.42% | 2939772 | 4.58% | 64239827 | 51.06% | 9971 |
11. To make purchases of own shares | 64206904 | 99.96% | 27924 | 0.04% | 64234828 | 51.06% | 14970 |
As at the date of the AGM, the number of issued ordinary shares of the Company was 125,812,956 shares, which was the total number of shares entitling the holders to attend and vote for or against all resolutions. In accordance with the Company's Articles of Association, on a poll every member has one vote for every share held. Votes withheld are not votes in law and have not been counted in the calculation of the proportion of vote "for" or "against" a resolution. Proxy appointments which gave discretion to the Chairman have been included in the "for" total.
The poll results will also be posted on the Company's website.
For further information please contact:
IGas Energy plc Tel: +44 (0)20 7993 9899
Stephen Bowler, Chief Executive Officer
Ann-marie Wilkinson, Director of Corporate Affairs
Investec Bank plc (NOMAD and Joint Corporate Broker) Tel: +44 (0)20 7597 5970
Sara Hale/Virginia Bull/Jeremy Ellis
Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor/James Asensio
Vigo Consulting Tel: +44 (0)20 7390 0230
Patrick d'Ancona/Finlay Thomson/Kendall Hill